India shares lower at close of trade; Nifty 50 down 0.33%

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India shares lower at close of trade; Nifty 50 down 0.33%
Credit: © Reuters.

Investing.com – India equities were lower at the close on Wednesday, as losses in the Metals , IT and Technology sectors propelled shares lower.

At the close in NSE, the Nifty 50 fell 0.33%, while the BSE Sensex 30 index fell 0.37%.

The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd. (NS: ASPN ), which rose 3.17% or 101.40 points to trade at 3302.75 at the close. Tata Motors Ltd (NS: TAMO ) added 2.77% or 7.95 points to end at 295.25 and SBI Life Insurance Company Ltd (NS: SBIL ) was up 1.87% or 22.35 points to 1214.40 in late trade.

Biggest losers included Mahindra & Mahindra Ltd. (NS: MAHM ), which lost 2.95% or 23.40 points to trade at 769.90 in late trade. Tata Steel Ltd (NS: TISC ) declined 2.69% or 39.05 points to end at 1411.20 and Cipla Ltd. (NS: CIPL ) shed 2.63% or 24.95 points to 922.85.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO: ASPN ) which rose 3.20% to 3303.10, Nestle India Ltd (BO: NEST ) which was up 1.73% to settle at 19794.00 and AXIS Bank Ltd. (BO: AXBK ) which gained 1.54% to close at 798.50.

The worst performers were Mahindra & Mahindra Ltd. (BO: MAHM ) which was down 2.89% to 770.15 in late trade, Tata Steel Ltd (BO: TISC ) which lost 2.67% to settle at 1411.40 and Bajaj Finserv Ltd (BO: BJFS ) which was down 2.04% to 16784.55 at the close.

Declining stocks outnumbered rising ones by 901 to 767 and 59 ended unchanged; on the Bombay Stock Exchange, 1596 fell and 1417 advanced, while 141 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 2.31% to 14.1850.

In commodities trading, Gold Futures for December delivery was down 0.15% or 2.80 to $1815.30 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.09% or 0.06 to hit $68.56 a barrel, while the November Brent oil contract rose 0.11% or 0.08 to trade at $71.71 a barrel.

USD/INR was up 0.17% to 73.073, while EUR/INR rose 0.27% to 86.3610.

The US Dollar Index Futures was up 0.01% at 92.648.

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